12035 Colonial Drive, Orlando, FL 32826
$1,450,000
Property Type:
Commercial Sale
Square Footage:
4,148
Status:
Closed
Current Price:
$1,450,000
List Date:
4/28/2012
Last Modified:
9/28/2024
Description
2.76 miles from the University of Central Florida Main Campus. Traffic counts of approximately 49,690 per day. Immediately surrounding the Steak n Shake are the Raddison Orlando University Hotel, University Inn Orlando, Days Inn Central Florida University, Hilton Garden Inn, and Comfort Suites. 2.17 miles to the Waterford Lakes Towne Center, a Simon Mall, which features easy access to popular retailers, including Super Target, Best Buy and T.J. Maxx. Waterford Lakes is also home to more than 100 specialty shops and ongoing entertainment in a park-like, open-air environment. You'll find more than 5 acres of lakes, fountains, and lush landscaping throughout the mall property, providing you with a calm, welcoming shopping environment. The movie Regal Cinemas 20 movie theater is also locate
Supplements: d within this mall.Steak n Shakes existing lease offers the investor long-term stability with rental increases during the 7 years remaining on the lease.
More Information MLS# 530941
General Property Information
Number Of Units Total: 1
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: -From the 408 east take the SR50 West exit, exit 22. Turn left onto SR50
Public Remarks: 2.76 miles from the University of Central Florida Main Campus. Traffic counts of approximately 49,690 per day. Immediately surrounding the Steak n Shake are the Raddison Orlando University Hotel, University Inn Orlando, Days Inn Central Florida University, Hilton Garden Inn, and Comfort Suites. 2.17 miles to the Waterford Lakes Towne Center, a Simon Mall, which features easy access to popular retailers, including Super Target, Best Buy and T.J. Maxx. Waterford Lakes is also home to more than 100 specialty shops and ongoing entertainment in a park-like, open-air environment. You'll find more than 5 acres of lakes, fountains, and lush landscaping throughout the mall property, providing you with a calm, welcoming shopping environment. The movie Regal Cinemas 20 movie theater is also locate
Building Area Total: 4148
Lot Size Dimensions: 73529
List Price/SqFt: 349.57
Sold Price/SqFt: 349.57
Year Built: 1997
Location, Tax, and Legal
Country: US
Tax Annual Amount: 17648.4
Tax Year: 2008
Tax Legal Description: See Attachment
Currently Not Used
Year Built: 1997
Cooling
Central Air: 1
Heating
Central: 1
Road Frontage Type
County Road: 1
Highway: 1
State Road: 1
Utilities
Separate Electric Meters: 1
Separate Water Meters: 1
Building Features
Kitchen Facilities: 1
Private Restroom: 1
Business Type
Restaurant: 1
Existing Lease Type
NNN: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): C-1; Bldg Type/Location: Free Standing; Meters: # Electric Meters: 1, # Water Meters: 1; Parking: Paved; SqFt - Total: 4148.00; Confidential Listing: N; % Occupancy: 100.00; Base Lease: 9442.00; Road Frontage: 100.00; Depth: 735.00; Commercial Property Name: Steak N Shake; Financial Package: Yes; Franchise Opt In: No
Contract Information
Current Price: $1,450,000
Sold Price: $1,450,000
Status: Closed
Listing Contract Date: 2012-04-27
Property Sub Type: Business
Location Tax and Legal
Street Number: 12035
Street Name: Colonial
Street Suffix: Drive
County: Orange
State: FL
Postal Code: 32826
MLS Area Major: 99 - Other
Status Change Information
Major Change Timestamp: 2012-05-05T00:40:54Z
Major Change Type: Status Change
Purchase Contract Date: 2012-04-27
Close Date: 2012-05-02
Close Price: 1450000
Property Features
Building Features: Kitchen Facilities; Private Restroom
Business Type: Restaurant
Cooling: Central Air
Existing Lease Type: NNN
Heating: Central
Road Frontage Type: County Road; Highway; State Road
Sale Includes: Building & Land
Utilities: Separate Electric Meters; Separate Water Meters
Listing Office:
EXIT Realty Martin Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.